NASDAQ:MRVL - Marvell Technology Group Stock Price, News, & Analysis

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$19.63 -0.17 (-0.86 %)

(As of 02/21/2019 03:25 PM ET)

Previous Close$19.80

Today's Range$19.51 - $19.80

52-Week Range$14.34 - $25.18

Volume373,646 shs

Average Volume12.22 million shs

Market Capitalization$12.90 billion

P/E Ratio18.87

Dividend Yield1.24%

Beta0.98

Marvell Technology Group Ltd. designs, develops, and markets analog, mixed-signal, digital signal processing, and embedded and standalone integrated circuits. It offers a range of storage products, including hard disk drive (HDD) and solid-state drive controllers, as well as HDD components, such as HDD preamps components; and develops software-enabled silicon solutions comprising serial advanced technology attachment port multipliers, bridges, serial attached SCSI, and non-volatile memory express redundant array of independent disks controllers and converged storage processors for enterprises, data centers, and cloud computing businesses. The company also provides networking products, which includes Ethernet solutions consisting of Ethernet switches, Ethernet physical-layer transceivers, and single-chip network interface devices; and embedded communication processors. In addition, it offers a portfolio of connectivity solutions, including Wi-Fi and Wi-Fi/Bluetooth integrated system-on-a-chip products, which are integrated into various end devices, including enterprise access points, home gateways, multimedia devices, gaming products, printers, automotive infotainment and telematics units, and smart industrial devices. Further, the company provides printer-specific standard products, as well as full-custom and application-specific integrated circuits; and application processors. It has operations in the United States, China, Malaysia, the Philippines, Thailand, Singapore, India, Israel, Japan, South Korea, Taiwan, and Vietnam. Marvell Technology Group Ltd. was founded in 1995 and is headquartered in Hamilton, Bermuda.

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Industry, Sector and Symbol

Stock Exchange NASDAQ

Industry Semiconductors & related devices

Sub-IndustrySemiconductors

SectorComputer and Technology

Current SymbolNASDAQ:MRVL

Previous Symbol

CUSIPG5876H10

Webwww.marvell.com

Phone441-296-6395

Debt

Debt-to-Equity Ratio0.24

Current Ratio2.32

Quick Ratio1.74

Price-To-Earnings

Trailing P/E Ratio18.87

Forward P/E Ratio22.31

P/E Growth1.78

Sales & Book Value

Annual Sales$2.41 billion

Price / Sales5.36

Cash Flow$1.2747 per share

Price / Cash Flow15.40

Book Value$8.35 per share

Price / Book2.35

Profitability

EPS (Most Recent Fiscal Year)$1.04

Net Income$520.83 million

Net Margins4.76%

Return on Equity9.45%

Return on Assets7.41%

Miscellaneous

Employees3,749

Outstanding Shares657,400,000

Market Cap$12.90 billion

OptionableOptionable

Marvell Technology Group (NASDAQ:MRVL) Frequently Asked Questions

What is Marvell Technology Group's stock symbol?

Marvell Technology Group trades on the NASDAQ under the ticker symbol "MRVL."

How often does Marvell Technology Group pay dividends? What is the dividend yield for Marvell Technology Group?

Marvell Technology Group declared a quarterly dividend on Thursday, December 6th. Shareholders of record on Wednesday, December 26th will be given a dividend of $0.06 per share on Tuesday, January 15th. This represents a $0.24 dividend on an annualized basis and a yield of 1.23%. The ex-dividend date is Monday, December 24th. View Marvell Technology Group's Dividend History.

How will Marvell Technology Group's stock buyback program work?

Marvell Technology Group announced that its Board of Directors has approved a share repurchase plan on Tuesday, October 16th 2018, which authorizes the company to buyback $1,000,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization authorizes the company to reacquire up to 7.9% of its stock through open market purchases. Stock buyback plans are usually an indication that the company's management believes its stock is undervalued.

How were Marvell Technology Group's earnings last quarter?

Marvell Technology Group Ltd. (NASDAQ:MRVL) posted its quarterly earnings results on Tuesday, December, 4th. The semiconductor company reported $0.33 EPS for the quarter, topping the consensus estimate of $0.32 by $0.01. The semiconductor company had revenue of $851.05 million for the quarter, compared to the consensus estimate of $844.07 million. Marvell Technology Group had a return on equity of 9.45% and a net margin of 4.76%. Marvell Technology Group's revenue for the quarter was up 38.1% on a year-over-year basis. During the same period in the previous year, the business posted $0.34 earnings per share. View Marvell Technology Group's Earnings History.

When is Marvell Technology Group's next earnings date?

Marvell Technology Group is scheduled to release their next quarterly earnings announcement on Thursday, March 7th 2019. View Earnings Estimates for Marvell Technology Group.

How can I listen to Marvell Technology Group's earnings call?

Marvell Technology Group will be holding an earnings conference call on Thursday, March 7th at 4:45 PM Eastern. Interested parties can register for or listen to the call using this link or dial in at 8446475488.

What guidance has Marvell Technology Group issued on next quarter's earnings?

Marvell Technology Group issued an update on its fourth quarter earnings guidance on Tuesday, December, 4th. The company provided earnings per share (EPS) guidance of $0.30-0.34 for the period, compared to the Thomson Reuters consensus estimate of $0.33. The company issued revenue guidance of $790-830 million, compared to the consensus revenue estimate of $849.02 million.Marvell Technology Group also updated its Q4 2019 guidance to $0.30-0.34 EPS.

What price target have analysts set for MRVL?

19 Wall Street analysts have issued 12-month price targets for Marvell Technology Group's shares. Their forecasts range from $21.00 to $30.00. On average, they anticipate Marvell Technology Group's stock price to reach $24.9090 in the next twelve months. This suggests a possible upside of 27.3% from the stock's current price. View Analyst Price Targets for Marvell Technology Group.

What is the consensus analysts' recommendation for Marvell Technology Group?

19 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Marvell Technology Group in the last year. There are currently 3 hold ratings and 16 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Marvell Technology Group.

What are Wall Street analysts saying about Marvell Technology Group stock?

Here are some recent quotes from research analysts about Marvell Technology Group stock:

1. According to Zacks Investment Research, "Marvell is benefiting from strong growth in networking and storage business. Management is optimistic about three new storage architecture solutions that the company released. Moreover, several storage controller design wins are positives. Also, we believe that the strong demand for Marvell’s 4G LTE products could be a growth driver. Additionally, its buyout of Cavium is expected to broaden its offerings beyond hard disk drives microprocessors and help it enter into high growth areas such as data centers and wireless communications. Moreover, Marvell has initiated restructuring activities to boost operational efficiency, which can translate into better profitability. Nonetheless, storage revenues are anticipated to remain weak due to headwinds like weakness in the PC market, CPU shortages, U.S.-China trade issues, moderating cloud CapEx and growing inventory at client companies. Shares underperformed the industry in the past year." (2/12/2019)
2. Needham & Company LLC analysts commented, "In conjunction with our industry report published this morning entitled, CES C1H19″, we are reducing forward revenue and NG EPS estimates for the majority of our semiconductor companies under coverage including Marvell. Highlights from our CES meeting appears below." (1/14/2019)
3. Rosenblatt Securities analysts commented, "We caught up with Marvell management at CES. Key Takeaways The storage pause (HDDs and SSDs), continues to be viewed as a 2 -quarter dynamic driven by macro economy factors, x86 CPU shortages at Intel (INTC: Sell), and deceler- ating CapEx spend in the data center markets. Management’s bullish stance mid to longer term is based on key storage wins at major hyperscale players in both HDD and SSD areas, HDD pre-amp share gains, and visibility for more wins in high capacity enterprise storage products. Marvell reiterated the notion that its biggest growth driver in the next few years is 5G base-stations due to dollar content expansion to nearly $3K per box from ~$700 per box in 4G." (1/10/2019)

Has Marvell Technology Group been receiving favorable news coverage?

News articles about MRVL stock have trended somewhat positive this week, according to InfoTrie Sentiment Analysis. The research firm scores the sentiment of news coverage by reviewing more than six thousand blog and news sources in real-time. The firm ranks coverage of public companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Marvell Technology Group earned a coverage optimism score of 0.9 on InfoTrie's scale. They also gave media headlines about the semiconductor company a news buzz of 9.0 out of 10, meaning that recent news coverage is extremely likely to have an impact on the company's share price in the near term.

Are investors shorting Marvell Technology Group?

Marvell Technology Group saw a increase in short interest during the month of January. As of January 31st, there was short interest totalling 26,226,547 shares, an increase of 3.6% from the January 15th total of 25,309,150 shares. Based on an average daily volume of 14,042,026 shares, the days-to-cover ratio is currently 1.9 days. Approximately 4.2% of the company's shares are short sold. View Marvell Technology Group's Current Options Chain.

Who are some of Marvell Technology Group's key competitors?

Some companies that are related to Marvell Technology Group include Micron Technology (MU), Analog Devices (ADI), Applied Materials (AMAT), NXP Semiconductors (NXPI), Xilinx (XLNX), Infineon Technologies (IFNNY), Advanced Micro Devices (AMD), TOKYO ELECTRON/ADR (TOELY), Microchip Technology (MCHP), Kyocera (KYOCY), Maxim Integrated Products (MXIM), STMicroelectronics (STM), Skyworks Solutions (SWKS), ON Semiconductor (ON) and ASE Technology (ASX).

What other stocks do shareholders of Marvell Technology Group own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Marvell Technology Group investors own include Micron Technology (MU), Intel (INTC), NVIDIA (NVDA), Cisco Systems (CSCO), Advanced Micro Devices (AMD), Bank of America (BAC), Alibaba Group (BABA), Applied Materials (AMAT), QUALCOMM (QCOM) and Citigroup (C).

Who are Marvell Technology Group's key executives?

Marvell Technology Group's management team includes the folowing people:

Mr. Matthew J. Murphy, Pres, CEO & Director (Age 46)
Ms. Jean Hu, Chief Financial Officer (Age 56)
Mr. Neil Y. Kim, Exec. VP & CTO (Age 60)
Mr. Mitchell Lee Gaynor, Exec. VP and Chief Admin. & Legal Officer (Age 59)
Mr. Thomas F. Lagatta, Exec. VP of Worldwide Sales & Marketing (Age 61)

Who are Marvell Technology Group's major shareholders?

Marvell Technology Group's stock is owned by a number of of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (5.43%), Boston Partners (2.33%), Standard Life Aberdeen plc (1.77%), Epoch Investment Partners Inc. (1.47%), Jennison Associates LLC (1.04%) and Geode Capital Management LLC (0.91%). Company insiders that own Marvell Technology Group stock include Jean X Hu, Marvell Semiconductor, Inc Ca, Matthew J Murphy, Michael G Strachan, Sehat Sutardja and Syed Ali. View Institutional Ownership Trends for Marvell Technology Group.

Which major investors are selling Marvell Technology Group stock?

MRVL stock was sold by a variety of institutional investors in the last quarter, including Bank of New York Mellon Corp, Millennium Management LLC, Standard Life Aberdeen plc, Canada Pension Plan Investment Board, Epoch Investment Partners Inc., State of Tennessee Treasury Department, Jennison Associates LLC and First Trust Advisors LP. Company insiders that have sold Marvell Technology Group company stock in the last year include Marvell Semiconductor, Inc Ca, Matthew J Murphy and Syed Ali. View Insider Buying and Selling for Marvell Technology Group.

Which major investors are buying Marvell Technology Group stock?

MRVL stock was purchased by a variety of institutional investors in the last quarter, including BlackRock Inc., Westfield Capital Management Co. LP, Oregon Public Employees Retirement Fund, Segall Bryant & Hamill LLC, Park West Asset Management LLC, Boston Partners, TD Asset Management Inc. and Squarepoint Ops LLC. Company insiders that have bought Marvell Technology Group stock in the last two years include Jean X Hu and Michael G Strachan. View Insider Buying and Selling for Marvell Technology Group.

How do I buy shares of Marvell Technology Group?

Shares of MRVL can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

What is Marvell Technology Group's stock price today?

One share of MRVL stock can currently be purchased for approximately $19.57.

How big of a company is Marvell Technology Group?

Marvell Technology Group has a market capitalization of $12.87 billion and generates $2.41 billion in revenue each year. The semiconductor company earns $520.83 million in net income (profit) each year or $1.04 on an earnings per share basis. Marvell Technology Group employs 3,749 workers across the globe.

What is Marvell Technology Group's official website?

The official website for Marvell Technology Group is http://www.marvell.com.

How can I contact Marvell Technology Group?

Marvell Technology Group's mailing address is 22 VICTORIA STREET, HAMILTON D0, HM 12. The semiconductor company can be reached via phone at 441-296-6395 or via email at [email protected]

MarketBeat Community Rating for Marvell Technology Group (NASDAQ MRVL)

Community Ranking:		2.5 out of 5 ( )
Outperform Votes:		1,073 (Vote Outperform)
Underperform Votes:		1,061 (Vote Underperform)
Total Votes:		2,134

MarketBeat's community ratings are surveys of what our community members think about Marvell Technology Group and other stocks. Vote "Outperform" if you believe MRVL will outperform the S&P 500 over the long term. Vote "Underperform" if you believe MRVL will underperform the S&P 500 over the long term. You may vote once every thirty days.

This page was last updated on 2/21/2019 by MarketBeat.com Staff